PYMNTS

OCTOBER 19, 2020

and Europe to develop tough new regulations to take on big tech, according to a Reuters report on Monday (Oct. EU antitrust regulators in August started probing a $2.1 In the September PYMNTS big tech compliance tracker tracker, Facebook considered pulling out of the EU over regulations.

US 264

US social media Illinois Google 264

American Banker

APRIL 30, 2024

A 50% growth in losses from check fraud last year is pushing bankers in Illinois to ask regulators for a joint supervisory guidance and tougher enforcement of large banks' "know your customer" compliance.

Fraud 45

Fraud Illinois Compliance Regulation 45

PYMNTS

DECEMBER 27, 2019

percent: Tax rate imposed on online sellers in Illinois starting in 2020. $4M: Data: 2018: Year of the Wayfair ruling, which limited retailers’ physical presence to tax-exempting states. 100: Minimum number of local tax codes in Alaska. 4M: Amount Ohioans paid in sales taxes on menstrual products in 2019.

Taxes 131

Taxes Alaska Minnesota Compliance 131

PYMNTS

NOVEMBER 10, 2020

PYMNTS ’ most recent big tech compliance tracker indicates that investigations into Amazon’s business practices as well as other big tech firms have been ongoing in the EU and the U.S. to develop new, stricter regulations that govern big tech. Illinois residents also have a $650 million lawsuit against Facebook.

Data 185

Data Illinois Taxes Compliance 185

PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. Facebook Supports Data-Portability Law. Facebook has advocated for a law that would simplify the process of moving videos and pictures to a competing site.

social media 152

social media Data Apple Compliance 152

American Banker

OCTOBER 30, 2024

A Supreme Court ruling from earlier this year regarding national bank preemption is already playing a prominent role in the banking sector's challenge to a state law on charge card fees.

Illinois 36

Illinois National Cards Compliance 36

American Banker

AUGUST 15, 2024

Kowalski was convicted for his role in embezzling tens of millions of dollars from Washington Federal Bank for Savings, which led to the bank's failure in 2017.

Illinois 69

Illinois Chicago Washington Compliance 69

PYMNTS

DECEMBER 30, 2019

The new jumble of state-level and municipal taxation has further obscured already confusing Internet sales tax compliance. Similarly, Illinois is eying close to $400 million in new annual sales tax revenue on ecommerce items shipped into the state. If you ever wonder what causes internet billionaires to lose sleep … this’ll do it.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

CFPB Monitor

NOVEMBER 16, 2021

New York now joins a small group of states, including Illinois and Massachusetts, that apply CRA-type laws to non-depository mortgage lenders. The amendments allow DFS to issue regulations expanding the types of applications and notices for which it will consider such performance when taking action.

New York 78

New York Community Regulation Data 78

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The CFPB had asked the court to wait until a separate case had been decided. This is still illegal federally.”

Lending 128

Lending Illinois Compliance Chicago 128

PYMNTS

FEBRUARY 6, 2018

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.

Fintech 118

Fintech US Tennessee Washington 118

American Banker

JUNE 11, 2024

Illinois' recent move to prohibit the inclusion of taxes and tips in credit card interchange fees suggests that electronic transactions are too expensive and also that there are too many entities working unilaterally to reduce those costs.

Illinois 36

Illinois Taxes Cards Policies 36

PYMNTS

NOVEMBER 23, 2020

In terms of mechanics, he explained, having a national bank charter in hand from the OCC means Figure will not have to obtain licenses to provide financial services on a state-by-state basis, but instead will be enabled to deliver its offerings on a nationwide basis while tailoring its compliance to the mandates of the OCC as sole regulator.

National 215

National blockchain Montana Lending 215

PYMNTS

DECEMBER 27, 2019

Laws enabling remote sales taxes mean retailers must now navigate each state’s policies, so they are no longer able to dodge compliance expenses and shield their consumers by lacking physical presences in states that tax these items. NorthShore’s sales tax compliance costs wipe out approximately 1 percent of its sales revenue, Greenberg said.

Taxes 146

Taxes Policies Compliance Retail 146

CFPB Monitor

AUGUST 7, 2019

The DFS states that the investigation will focus on “whether companies are in violation of state banking laws, including usury limits, licensing laws and other applicable laws regulating payday lending and consumer protection laws.” Illinois Department of Financial Professional Regulation.

Industry 92

Industry Puerto Rico South Dakota North Dakota 92

Abrigo

AUGUST 22, 2019

Ongoing training is at the very heart of a satisfactory Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program in financial institutions. 16 in Chicago, Illinois Oct. Networking is especially important for BSA officers to be able to stay informed. 5 in Richmond, Virginia Oct. 21 in Houston, Texas Nov.

Training 150

Training Las Vegas Alabama Minneapolis 150

CFPB Monitor

OCTOBER 25, 2022

Under the settlement, Rhinebeck will pay a $950,000 civil money penalty, provide restitution to borrowers, and develop a compliance plan which includes updates to its auto policies to cap dealer markups on installment contracts purchased by the bank. According to Rhinebeck’s President and CEO Michael J.

New York 78

New York Lending Community Bank Community 78

PYMNTS

DECEMBER 18, 2018

For where there are reimbursement considerations, compliance issues are close at hand. There are a number of moving parts that should spur business owners to consider how and why they account for costs and reimburse drivers, with implications for both the bottom line and compliance activities. Compliance Concerns.

Compliance 148

Compliance San Francisco Operations Taxes 148

CFPB Monitor

SEPTEMBER 5, 2019

Nick also reported that since joining the unit, it has entered into nine Assurances of Voluntary Compliance, Pennsylvania consumers have received approximately $34 million in restitution, and companies have paid approximately $24 million in civil money penalties and payments to the PA Treasury. .

Indiana 60

Indiana Pennsylvania Delaware Illinois 60

Independent Banker

SEPTEMBER 26, 2014

That is why we are calling on regulators to make the most of the latest mandatory review of federal banking rules. The agencies are required to study their regulations for dead weight every 10 years under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. Starting fresh. Community Bankers Chosen as CFPB Advisors.

Washington 70

Washington Fort Worth Regulation Community Bank 70

CB Insights

FEBRUARY 22, 2018

UBS, BARCLAYS, CREDIT SUISSE, AND OTHERS ARE PILOTING COMPLIANCE PLATFORM ON ETHEREUM. ILLINOIS GOVERNMENT PILOTING LEDGERS FOR LICENSING. The Illinois Department of Financial and Professional Regulation (IDFPR), which manages physician licensing, is exploring a pilot with Hashed Health to reduce internal complexity.

blockchain 78

blockchain Illinois cryptocurrency Industry 78

Independent Banker

SEPTEMBER 21, 2015

ICBA’s in-depth certification programs vault compliance officers to the highest standards. imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. By Ed Avis.

Compliance 70

Compliance Community Bank Community Training 70

PYMNTS

FEBRUARY 22, 2019

For example, the Illinois Supreme Court ruled earlier this year that companies can be sued for biometric data collected without users’ consent. Compliance impacts friction — likely increasing it. PSD2 is here, of course, changing the way consumers and companies access data.

Data 130

Data Illinois Taxes Customer Experience 130

PYMNTS

SEPTEMBER 28, 2020

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. Developers who are not in compliance will be urged to update their apps to bring them in line.” Facebook Threatens EU Withdrawal Over Data Sovereignty.

Taxes 162

Taxes Compliance Illinois Las Vegas 162

PYMNTS

APRIL 26, 2016

Which brings us to payday lending and its proposed regulation – a subject that has turned out to be the Berserk Button for a shocking number of consumer right advocates, congressmen, regulators, Senators, preachers, industry representatives business people and consumers. And, in compliance with state regulations as well.

Lending 100

Lending Regulation Industry Innovation 100

CB Insights

JANUARY 4, 2018

Compliance Officers. Startups are using AI to automate various steps of the recruitment and on-boarding process, from resume parsing, sentiment analysis in interviews, and using chatbots for monitoring compliance. COMPLIANCE OFFICERS. The cost of regulatory compliance, currently estimated to be around $80 billion globally.

Software 75

Software Compliance Training Google 75

Fintech Labs Insights

JUNE 16, 2015

There is a real compliance aspect to this solution, as well. “That’s a lot of interactions taking place outside the walls of the institution that could be running up against rules and regulations about various disclosures, privacy, etc,” Frankel said.

User Experience 12

User Experience Illinois Chicago Management 12

CFPB Monitor

SEPTEMBER 13, 2018

57, disapproving of the CFPB’s Bulletin 2013-2 regarding “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act.” They assert that action by the CFPB in derogation of those regulations would violate the Administrative Procedure Act.

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

Independent Banker

SEPTEMBER 30, 2021

Another reason pen tests are increasingly common is that regulations and PCI compliance require banks to furnish annual pen test results. based security and compliance automation platform. Ed Avis is a writer in Illinois. In other words, they find and assess anything that would allow an attacker to breach a system.

Community 139

Community Community Bank social media Security 139

CFPB Monitor

JANUARY 8, 2019

The new year heralds many new developments in the state regulation of student loan servicers. California, Illinois, and Washington have each taken significant steps in implementing their existing laws while legislation has been introduced in Virginia and New Mexico to regulate student loan servicers for the first time.

New Mexico 60

New Mexico Illinois Virginia Washington 60

Fintech Labs Insights

AUGUST 14, 2015

HQ: Highland Park, Illinois. Tags: 500 Startups (accelerator), bitcoin, security, regulation. Total raised: $90 million. Source: Finovate. Maestro Health. Health insurance solutions for the enterprise. Latest round: $35 million. Total raised: $35 million. Source: Crunchbase. Healthcare & insurance APIs. HQ: San Mateo, California.

New York City 12

New York City Company Fintech New York 12

Fintech Labs Insights

APRIL 4, 2016

HQ: Chicago, Illinois. Tags: Financial institutions, mortgage brokers, consumer lending, analytics, underwriting, compliance, regulations. Latest round: $10.03 Total raised: $22.46 HQ: Fort Washington, Pennsylvania. Source: Crunchbase. Consumer investing service. Latest round: $10 million Seed. Total raised: $10 million.

New York City 12

New York City Company Fintech California 12

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. Table of contents. The Honest Company not so honest about labeling.

Fraud 78

Fraud Las Vegas Company Capital 78

PYMNTS

MARCH 7, 2018

According to news from The Wall Street Journal , citing a letter Senator Dick Durbin, a Democrat from Illinois, sent to the bank this week, Durbin is asking the financial institution (FI) to stop adding more colleges to its partnership program until the order by the Federal Reserve last month that caps Wells Fargo’s growth is addressed.

Illinois 143

Illinois Compliance Lending Cards 143

CFPB Monitor

JANUARY 7, 2021

As noted in the proposal, the OCC’s statutes and regulations, enforceable guidelines, guidance, and enforcement authority provide robust and effective safeguards against predatory lending when a bank exercises its lending authority.

District of Columbia 78

District of Columbia North Carolina New York Policies 78

Abrigo

FEBRUARY 24, 2020

Despite Federal ambiguity, Illinois State Regulators defined their stances on cannabis banking. Compliance and anti-money laundering (AML) is going green… or is it? While marijuana is legal in the state of Illinois, it remains illegal at the federal level. Illinois State Banking Regulators. GET STARTED.

Illinois 195

Illinois Regulation United States California 195

Independent Banker

FEBRUARY 16, 2015

Community banking priorities of reducing regulatory burden and institutionalizing tiered regulation, as well as addressing the risks and market distortions created by too-big-to-fail institutions are likely to rank high on Shelby’s and Brown’s legislative goals for the new Congress. He’s a free-market conservative,” Lynch says.

Community Bank 70

Community Bank Alabama Ohio Community 70